AXA : Robust underlying earnings expected in 2023 despite natural catastrophes
>Revenues expected to be slightly up - AXA is due to publish its 2023 results on 22 February before market open and will also present its new three-year strategic plan. We forecast total revenue of € 102.9bn (+1.0%) for FY 2023 (i.e. € 24.1bn in Q4 2023, +1.1%), in line with the consensus (€ 103.0bn, +1.2%), with a 4.6% increase in premiums in P&C to € 52.9bn, marked by continued favourable momentum on prices particularly in personal lines. In life insurance and savin...AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
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